Cecile, the Chef at Chez Cecile, Shops at the Same

question 105

Multiple Choice

Cecile, the chef at Chez Cecile, shops at the same farmers market that you do to buy fresh items for her restaurant. Cecile seems very knowledgeable about the vegetables she purchases, and you have started to buy the same items she does for your own consumption. When Cecile buys vegetables for her restaurant, they would be considered:

• A) a business product.
• B) a professional service.
• C) an impulse purchase.
• D) a consumer product.

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Definitions:

Capacity

The maximum level of output that a company can sustain to produce goods or services under given conditions over a certain period.

Profit

The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Transfer Price

The price at which goods or services are sold between divisions within the same company or between companies under common control.

Variable

A quantity or factor in an experiment or equation that can change or be changed.